Answer
The contribution margin is total sales revenue minus total variable expenses.
Work Step by Step
We use the equation for the contribution margin formula to obtain this answer.
Managerial Accounting (15th Edition)
by Garrison, Ray; Noreen, Eric, Brewer, Peter
Published by
McGraw-Hill Education
ISBN 10:
007802563X
ISBN 13:
978-0-07802-563-1
Chapter 2 - Managerial Accounting and Cost Concepts - Questions - Page 51: 2-15
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